INTRODUCTION Investment Activity of Angel Organizations in 2022: An Overview
66
and through informal groups that typically go unrecord- ed. Third, the CVCA data includes investments made by some of the angel organizations that are also includ- ed in the NACO statistics, hence there is some double counting. All of this serves to underline the significant role that angel investors play in funding the start-up and early growth stages of the entrepreneurial process. Fewer dollars were invested in 2022 than in 2021. There was a 3% increase in the number of investments made, with both the median and mean number of investments made by organizations increasing. However, there was a significant decline in the amount invested, which fell by 37% year-over-year. In addition, the median and mean amounts invested by organizations fell by 52% and 31%, respectively. The mean amount invested per deal fell by 27%, although there was a rise in the median amount invested per deal.
FIGURE 1 Angel Activity Declined in 2022
Number of Deals
Amount Invested ($M)
Interpreting trends in investment activity over time is
2023 ANNUAL REPORT ON ANGEL INVESTING IN CANADA
Powered by FlippingBook